In this article, we will take a detailed look at the 11 Growth Stocks That Could Double by 2027.

The focus should be on growth stocks over value stocks, as volatility in the equity markets has subsided significantly. That’s the stance held at Ned Davis Research after the Cboe Volatility Index dropped to 17 from a peak of 60 in the aftermath of President Donald Trump sending a shockwave with trade tariffs in April.

Stability has returned to the markets, as depicted by the S&P 500 recouping all the losses accrued in April. Investors remained worried that tariffs would tip the economy into recession. Consequently, analysts at Ned Davis insist that growth stocks, which trade on expectations of strong earnings growth, should hold a dominant position in portfolios.

“We are also shifting our style recommendation from neutral to favoring Growth over Value,” Ed Clissold, the Ned Davis chief U.S. strategist, wrote in a note Wednesday. “At the beginning of the year, Mag 7 stocks, which tend to be classified as Growth, were facing slower earnings growth and high valuations. The correction removed Mag 7′s relative overvaluation,” he added. Most “Magnificent Seven” stocks were under pressure at the height of the tariff scare. Since then, most have staged strong rebounds.

Optimism around artificial intelligence has also helped lift growth stocks. Likewise, Wall Street analysts insist investors seeking sustainable long-term returns should look into companies with solid long-term growth potential.

With that in mind, let’s look at the 11 Growth Stocks That Could Double by 2027.

Our Methodology

To compile the list of the 11 Growth Stocks That Could Double by 2027, we analyzed high-profile ETF portfolios (Vanguard Growth ETF, iShares Russell 1000 Growth ETF, Schwab U.S. Large-Cap Growth ETF etc.) focusing on growth stocks. We focused on companies across all the key sectors and those that boast significant five-year earnings growth potential. Finally, we ranked stocks popular among elite hedge funds in ascending order based on their five-year earnings growth potential.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Growth Stocks That Could Double by 2027

11. Alibaba Group Holding Ltd (NYSE:BABA)

EPS Growth this Year: -1.44%

Expected 5-Year EPS Growth: 8.76%

Number of Hedge Fund Holders: 125

Alibaba Group Holding Ltd. (NYSE:BABA) is one of the growth stocks that could double by 2027. On July 11, BofA Securities reiterated a ‘Buy’ rating on the stock but cut its price target to $135 from $145. The adjustment is in response to the Chinese tech giant increasing its investments in food and on-demand delivery services.

Following the investments, Alibaba’s food and on-demand delivery services have experienced significant growth. The orders have increased from 30 million per day to 60 million per day by June, following the launch of Taobao Insta-shopping. The increase has occurred amid a significant rise in traffic on the Taobao App and substantial consumer subsidies.

BofA cut its price target on concerns that losses attributed to the investment have increased to RMB 10 billion. Nevertheless, Alibaba has announced plans to invest RMB 50 billion in food and on-demand delivery, seeking to accelerate growth in this segment.

Alibaba Group Holding Ltd. (NYSE:BABA) is a Chinese multinational company that operates e-commerce platforms, connecting buyers and sellers in various ways. It enables business-to-business (B2B) and business-to-consumer (B2C) transactions and also offers services in digital media, cloud computing, and fintech.

10. Zscaler Inc. (NASDAQ:ZS)

EPS Growth this Year: 0.04%

Expected 5-Year EPS Growth: 11.75%

Number of Hedge Fund Holders: 46

Zscaler Inc. (NASDAQ:ZS) is one of the growth stocks that could double in value by 2027. On July 1, JMP Securities reaffirmed its Market Outperform rating on Zscaler and raised its price target to $355 from $310.

The upgrade reflects confidence in Zscaler’s robust financial performance, including 25.5% revenue growth over the past year and gross margins of 77.5%. The company’s stock has surged 74% year-to-date, far outpacing the broader Russell 3000 index.

The revised outlook follows investor meetings held in Los Angeles with senior Zscaler executives, where JMP analyst Trevor Walsh highlighted the company’s strong positioning in the cybersecurity space. The firm sees continued upside potential driven by Zscaler’s expanding product portfolio and growing enterprise demand.

Zscaler Inc. (NASDAQ:ZS) is a global cloud security provider headquartered in San Jose, California. Its platform offers secure access to external and internal applications, digital experience monitoring, and advanced zero-trust solutions for enterprises. Zscaler serves a wide range of industries, including finance, healthcare, retail, and government, with a focus on scalable, cloud-native cybersecurity infrastructure.

9. AAON, Inc. (NASDAQ:AAON)

EPS Growth this Year: -0.41%

Expected 5-Year EPS Growth: 17.00%

Number of Hedge Fund Holders: 18

AAON, Inc. (NASDAQ:AAON) is one of the growth stocks that could double by 2027. On June 16, Sidoti upgraded AAON from Neutral to Buy, setting a revised price target of $95.00.

The move followed a sharp drop in AAON’s share price after its June 10 investor day, where the company lowered Q2 guidance and introduced three-year targets below market expectations. Despite the selloff, AAON maintains solid financial health, including a strong current ratio and manageable debt.

Sidoti analyst Julio Romero sees the pullback as a buying opportunity, citing AAON’s long-term growth potential and exposure to high-demand sectors like data centers, HVAC, and electrification. With a five-year revenue CAGR of 21% and current growth at 8.24%, the firm believes the stock is well-positioned for recovery and expansion.

AAON, Inc. (NASDAQ:AAON) designs and manufactures HVAC systems across North America, serving industries from retail and education to data centers and pharmaceuticals. Operating through AAON Oklahoma, AAON Coil Products, and BASX, the company offers rooftop units, chillers, cleanroom systems, and geothermal heat pumps.